It’s not new, but with the seemingly endless great credit card offers this year you may have missed how you can earn 5 miles (Continental/United or British Airways) or points (Marriott, Hyatt or Priority Club) for every dollar spent.
People who have the Chase Freedom credit card earn 1 point for every dollar spent. Those points are then redeemable for cash back. Those who sign up get 10,000 bonus points with $500 spend, which would earn you $100 cash back. Plus – no annual fee.
That’s OK, but what makes this interesting is that if you also have a Chase Sapphire Preferred card, you can transfer those Freedom points into the Sapphire Ultimate Rewards program, which allows you to transfer into Continental/United, British Airways, Marriott, Hyatt and Priority Club at a 1:1 ratio.
This gets interesting because each quarter, there are a handful of spending categories where the Freedom card earns you 5 points for each dollar spent (up to $1500 — 7500 points — per quarter). In Q4 (ie, now) you’ll earn 5 points per dollar at restaurants, in department stores, at the movies, or when you donate to charity.
You just have to link the Freedom card to your Ultimate Rewards account. Simply log in to your Ultimate Rewards account, go to ‘Manage Ultimate Rewards’ then choose ‘Combine Points.’ It’s that easy.
If you have a Sapphire Preferred card it would certainly be worth getting that Freedom card to take advantage of the bonus categories – it’d be an easy way to earn extra 30,000 miles a year with only $6000 in spend.